Getting Rich by Borrowing Monopoly Money!
November 7, 2016
Current Americans are getting rich simply by borrowing money from the future Americans!
The current Americans appear to be getting rich and prosperous because the U.S. Government is borrowing Monopoly Money from the future Americans and giving it to the current Americans. So far the U.S. Government has borrowed $104.1 Trillion of Monopoly Money from the future Americans to make the current Americans appear to be rich and prosperous. The only problem with this action by the U.S. Government is the fact that the future Americans do not have $104.1 Trillion. In fact, the current Americans cannot even pay for the U.S. Government's spending in FY2017 yielding a $5.68 Trillion GAAP Deficit this fiscal year.
The U.S. Government's current fiscal policy is a Ponzi scheme (USAPonzi) that is borrowing Monopoly Money, I call it imaginary-counterfeit money, from the future Americans and giving it to the current Americans. The U.S. Government borrows this money from the future Americans with GAAP basis deficit spending and conceals the magnitude of this fraudulent borrowing by reporting its financial status with Cash Accounting rather than the proper GAAP Accounting.
By borrowing more Monopoly Money every year from the future Americans, this U.S. Government fiscal policy has caused asset and consumer price inflation of nominally 5% per year (See Inflation-A Byproduct of USAPonzi). The U.S. Government has fraudulently increased the "money supply" by $104.1 Trillion by borrowing Monopoly Money from the future Americans. This is also the cause of "The Housing Bubble". House prices have continued to go up by about 5% per year simply because the U.S. Government borrows more Monopoly Money from the future Americans every year. We are not buying our houses with "earned income", we are buying them with Monopoly Money (imaginary-counterfeit money) that the U.S. Government is borrowing/stealing from the future Americans.
What do you do when you need more money than you have in your bank account? Most of us would put it on our credit card, if the credit card company will let us, but we realize that we have to pay it back some day if we are to keep our word. For the last 48 years (since FY1969) the U.S. Government has needed more money than it has in its bank account so it has been putting the amount needed each year on its credit card and this balance due is to be paid by the future Americans.
As of November 7, 2016, the U.S. Government has borrowed $104.1 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and has given some of it to the Common Man by overpaying government benefits, has given some of it to the U.S. ruling class by overpaying U.S. Government employees and businesses, but has given most of it to the U.S. upper class by undertaxing the current Americans by $104.1 Trillion. The U.S. Government is making the U.S. upper class appear to be very, very rich by borrowing Monopoly Money from the future Americans rather than taxing the current Americans, but the U.S. upper class are the primary beneficiaries of this fraud because they are the only taxpayers that could possibly pay this much tax.
The U.S. Government now has $104.1 Trillion on its credit card with no way to pay it. The U.S. Government is simply and fraudulently borrowing an unpayable stream of money ($15.6 Billion/day) from the future Americans and giving it to the current Americans to keep this Ponzi scheme fiscal policy going. The U.S. Government is simply transferring Monopoly Money from the future Americans to the current Americans. This Monopoly Money gains status as it passes thru the U.S. Government because the planet seems to trust the U.S. Government but the U.S. Government is not to be trusted. The U.S. Government is corrupt! The U.S. Government is a fraud! This Money is Monopoly Money. This money is imaginary! This money is counterfeit! This money does not exist!
The U.S. Government is borrowing imaginary-counterfeit money that can never be paid back and giving most of it to the U.S. upper class by undertaxing them to make them appear to be very rich and so that the U.S. Government can overpay itself.
When the U.S. Government needs more money, it just borrows more Monopoly Money from the future Americans. If you tried this scheme, the U.S. justice system would put you away for a very long vacation. This is a classic Ponzi scheme.
|US Federal Tax Revenue (Cash)
|US Federal Spending (Cash)
|Cash Deficit in FY2017
|US Federal Spending (GAAP)
|GAAP Deficit in FY2017
| US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org November 7, 2016
The U.S. Government has $104.1 Trillion on its credit card (US Unfunded Liabilities (GAAP)), has income (US Federal Tax Revenue) of $3.29 Trillion, has spending (US Federal Spending (GAAP)) of $8.97 Trillion and therefore a GAAP Deficit in FY2017 of $5.68 Trillion. Do you think you could borrow money with that kind of a financial statement? I wonder what kind of credit score that financial statement would produce? It should be a very large negative number, in fact, it should be negative infinity. The U.S. Government borrows/steals this Monopoly Money from the future Americans without even asking them if it is okay.
|Credit Card Balance
The U.S. Government is borrowing $5.68 Trillion more imaginary-counterfeit money from the future Americans in FY2017 and nobody seems to protest even though the U.S. Government's credit card balance is 31 times its income ($104.1T/$3.29 = 31.64) and the U.S. Government is spending nearly 3 times its income in FY2017 ($8.97T/$3.29 = 2.73)!
This is absolutely absurd!
The U.S. ruling class loves this fraud because they are being paid handsomely with this fraudulently borrowed money and some of them are even getting filthy rich because of this fraud (See The Clinton Fraud).
The U.S. upper class loves this fraud because they appear to be getting filthy rich ($104.1 Trillion) with this fraudulently borrowed money!
Americans love this fraud because they are buying stuff they cannot afford with this fraudulently borrowed money.
The rest of the planet is getting ripped off because Americans are buying stuff from them with this fraudulently borrowed money. $104.1 Trillion of imaginary-counterfeit money can buy a lot of crazy stuff!
The Common Man is getting ripped off in the long run because the U.S. Government is promising to pay social benefits, pensions, and veterans' benefits but has underfunded them by $84.3 Trillion. The U.S. Government simply does not have the money to pay these false promises because it has undertaxed the rich so that the U.S. upper class can become even richer and so that the U.S. ruling class can be overpaid rather than funding these future benefit promises.
The U.S. Government has borrowed $104.1 Trillion, which is 31 times its income, from the future Americans and is spending nearly 3 times its income. It should not take a genius to realize that the U.S. Government has a very serious problem.
The U.S. Government is overspending, overcommitting, undertaxing, lying, and bankrupt!
The U.S. Government is being run by a bunch of criminals!
When USAPonzi implodes and this stash ($104.1 Trillion) and flow ($15.6 Billion/day) of imaginary-counterfeit money evaporates, the global economy will come to an abrupt stop, triggering "The Greatest Depression".
This fraud is explained in CliffsNotes format (USAPonzi CliffsNotes) and is also explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats and on my website in PDF format.
This is the biggest ($104.1 Trillion) financial fraud ever perpetrated; I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.